Financial Conduct Authority

Financial Conduct Authority
Agency overview
Formed	1 April 2013
Preceding agency	Financial Services Authority;
Jurisdiction	United Kingdom
Headquarters	12 Endeavour Square; London E20 1JN
Annual budget	£632.6m (2019/2020)
Agency executives	Nikhil Rathi; (Chief Executive);
Website	www.fca.org.uk

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry.^[2] The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.^[3]

It focuses on the regulation of conduct by both retail and wholesale financial services firms.^[4] Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.^[5]^: 140

The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.^[3]

^ "Annual Accounts and Reports 2019/2020". FCA. 25 June 2019. Retrieved 29 December 2020.
^ "First Chair of the new Financial Conduct Authority appointed". Retrieved 2 November 2012.
^ ^a ^b Vina, Gonzalo. "U.K. Scraps FSA in Biggest Bank Regulation Overhaul Since 1997". Businessweek. Bloomberg. Retrieved 16 June 2010.^{[dead link]}
^ "Reform and regulation". HM Treasury. 17 June 2010. Retrieved 17 June 2010. Archived here. Archived 21 January 2018 at the Wayback Machine
^ Goldsworth, J., Lexicon of Trust & Foundation Practice (Wendens Ambo: Mulberry House Press, 2016), p. 140.

[1] "Annual Accounts and Reports 2019/2020". FCA. 25 June 2019. Retrieved 29 December 2020.

[hm-treasury-2] "First Chair of the new Financial Conduct Authority appointed". Retrieved 2 November 2012.

[vina-3] Vina, Gonzalo. "U.K. Scraps FSA in Biggest Bank Regulation Overhaul Since 1997". Businessweek. Bloomberg. Retrieved 16 June 2010.^{[dead link]}

[treasury1-4] "Reform and regulation". HM Treasury. 17 June 2010. Retrieved 17 June 2010. Archived here. Archived 21 January 2018 at the Wayback Machine

[5] Goldsworth, J., Lexicon of Trust & Foundation Practice (Wendens Ambo: Mulberry House Press, 2016), p. 140.

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